Micron Technology (NASDAQ:MU) Price Target Raised to $300.00 at UBS Group

Micron Technology (NASDAQ:MU) had its target price hoisted by research analysts at UBS Group from $295.00 to $300.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. UBS Group’s target price would suggest a potential upside of 19.23% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Wolfe Research boosted their price objective on shares of Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Cowen reissued a “buy” rating on shares of Micron Technology in a research note on Thursday, December 11th. TD Cowen boosted their target price on shares of Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 target price on shares of Micron Technology in a research note on Monday. Finally, Mizuho boosted their price target on shares of Micron Technology from $270.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $275.11.

Micron Technology Trading Up 11.6%

MU traded up $26.09 during trading on Thursday, hitting $251.61. 25,366,577 shares of the stock were exchanged, compared to its average volume of 23,626,941. The firm has a market cap of $282.84 billion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 0.34 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology has a 1 year low of $61.54 and a 1 year high of $264.75. The firm has a 50 day simple moving average of $225.54 and a 200 day simple moving average of $162.83.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the prior year, the company posted $1.79 EPS. The business’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, equities analysts expect that Micron Technology will post 6.08 EPS for the current year.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 383,650 shares of company stock valued at $81,602,339. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MU. American Capital Advisory LLC lifted its stake in shares of Micron Technology by 20.4% in the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 46 shares during the last quarter. Winthrop Capital Management LLC lifted its stake in Micron Technology by 4.0% in the 3rd quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer’s stock valued at $206,000 after acquiring an additional 47 shares in the last quarter. Main Street Research LLC boosted its stake in shares of Micron Technology by 0.8% during the 3rd quarter. Main Street Research LLC now owns 5,976 shares of the semiconductor manufacturer’s stock worth $1,000,000 after acquiring an additional 47 shares during the period. Vivaldi Capital Management LP raised its stake in Micron Technology by 2.6% in the 3rd quarter. Vivaldi Capital Management LP now owns 1,940 shares of the semiconductor manufacturer’s stock worth $325,000 after purchasing an additional 49 shares in the last quarter. Finally, Teamwork Financial Advisors LLC boosted its stake in Micron Technology by 0.4% in the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock valued at $2,505,000 after buying an additional 53 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.